Strong growth and record earnings
OCTOBER – DECEMBER 2012
Net sales of SEK 2,093.5 million (1,786.1).
Operating profit of SEK 182.5 million (191.6).
Operating margin of 8.7 per cent (10.7).
Profit after tax of SEK 114.3 million (129.0) and earnings per share
of SEK 1.23 (1.41).
JANUARY – DECEMBER 2012
Net sales of SEK 7,503.5 million (5,987.6).
Operating profit of SEK 659.3 million (531.3).
Operating margin of 8.8 per cent (8.9).
Profit after tax of SEK 459.8 million (374.8) and earnings per share
of SEK 4.97 (4.11).
Net debt of SEK 409.3 million (net receivable of SEK 140.9 million).
The Board proposes a dividend of SEK 3.25 (3.00) per share.
Comments from CEO Tomas Carlsson:
"2012 was a record year for Sweco. We grew by 25 per cent and improved
our operating profit by SEK 128 million. At the same time, we maintained
an operating margin of close to 9 per cent. The top-performing business
area was Sweco Finland with an operating margin of 11.7 per cent.
"Through the acquisition of FMC Group we created a leading player in
Finland and since then we have further strengthened our position in the
Finnish market. The acquisition was a key factor behind Sweco’s
successes in 2012.
"The fourth quarter saw falling demand for services in the housing
sector and in certain industrial segments. However, most areas of
operation are continuing to enjoy healthy demand.
"Earnings, growth and cash flow for 2012 show that Sweco stands strong
even in an economic downturn, which gives us excellent potential to
capitalise on the opportunities available in the market. Our growth
strategy is unchanged – we will continue our trajectory of profitable
growth, both organically and through acquisitions.”
Sweco is an international consulting group with combined expertise in
consulting engineering, environmental technology and architecture. Sweco
has annual sales of approximately SEK 7.5 billion and 7,800 employees in
12 countries. The company has projects currently underway in some 80
countries worldwide. Sweco is listed on NASDAQ OMX Stockholm AB.
Sweco discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication on 14 February 2013, at 13:30
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